Topic: What the effect of many of his new cryptocoin against bitcoin? (Read 186 times)
BTC will be a king anyway, big money will be only with bitcoin. Small money with alts
I think all these new cryptocurrencies emerging is not a bad thing for bitcoin. Rather it is strengthening the bitcoin community. Many new altcoins are easy to mine and they are introducing many users to crypto world. Even though some altcoins fade away they still contribute to the cryptocurrency technology.
does the number of crypto be one of the effects of declining bitcoin prices?
It has been seen when bitcoin goes down, others alts are declining too. The market can't be told as there many factors not only the number of crypto's that affects bitcoins price but also the holders.Mainly with supply and demand.
chain, even each days we seen new projects that appears, in most cases its still needs bitcoin knowledge beforehand and investors will joined, no real usage means no real competition against the first crypto unless the said coins will be promoted by certain company whereas the means of transactions will be cater, still depend on certain aspects and supports coming from investors and traders.
As long as these coins are being traded and there are people who are buying and selling it still those coins will have effect for bitcoin, you need bitcoin before buying those alts.
does the number of crypto be one of the effects of declining bitcoin prices?
It has been seen when bitcoin goes down, others alts are declining too. The market can't be told as there many factors not only the number of crypto's that affects bitcoins price but also the holders.Mainly with supply and demand.
chain, even each days we seen new projects that appears, in most cases its still needs bitcoin knowledge beforehand and investors will joined, no real usage means no real competition against the first crypto unless the said coins will be promoted by certain company whereas the means of transactions will be cater, still depend on certain aspects and supports coming from investors and traders.
does the number of crypto be one of the effects of declining bitcoin prices?
It has been seen when bitcoin goes down, others alts are declining too. The market can't be told as there many factors not only the number of crypto's that affects bitcoins price but also the holders.Mainly with supply and demand.
Well, it can be a reason for the price decline of bitcoin. As the new coins are taking the market of bitcoin. But the price is rising now and soon this problem will be solved.
the more the number of cryptocoin emerging in the crypto market would be the effect also in the reduction of bitcoin prices .. we see now that there are so many developers that make new cryptocoin, although not all its cryprocoin made in the market or can enter crypto market .. does the number of crypto be one of the effects of declining bitcoin prices?
It can let it go down or go up! Actually it could happen that diversification of the investment in the bitcoin and altcoin can make the bitcoin go down. Because it is simple fact that any alts making good progress in the time can capture the investments of many users and thus shook the base of bitcoin for a while.
However, bitcoin is far stronger than alts and thus effect of altcoins could be very temporary. I mean this is complex as we never know whether all the investments will go to one stream surely or not. That is an altcoin! Or may be not!
If Cryptocoin doesn't growing we also doesn't get any bounty campaign again 
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I think there isn't any effect to Bitcoin price. But I think that you must worried is SCAM ICO. It's the real problem. Because of that, google and facebook ban ICO ads and it's make Bitcoin Price drop.
.I think there isn't any effect to Bitcoin price. But I think that you must worried is SCAM ICO. It's the real problem. Because of that, google and facebook ban ICO ads and it's make Bitcoin Price drop.
I don't think that the present quantity alternative the moment strongly influences a rate of bitcoin. The fundamental coin is still in a trend, just at the moment large players artificially reduce her course that smaller players sold coins to themselves in minus at all said goodbye to the crypto market.
I consider that minor coins does not affect on major ones. Let us look at stock market there are blue chips like Google, GM, GE, Microsoft, IBM and so on and there are a lot of small companies with little capitalization which are created quite often but they do not affect on giants the similar processes happen on crypto market.
the more the number of cryptocoin emerging in the crypto market would be the effect also in the reduction of bitcoin prices .. we see now that there are so many developers that make new cryptocoin, although not all its cryprocoin made in the market or can enter crypto market .. does the number of crypto be one of the effects of declining bitcoin prices?
No, it has nothing to do with it. Among the factors that influence the price of bitcoin is not the creation of new cryptocurrencies. In fact, last year many new cryptocurrencies were created and the price of bitcoin skyrocketed.
The number of cryptocurrencies will have a certain impact on the market, because these projects will take away part of the market's funds, many investors are willing to see new and good tokens, because this is a good time to make money!
it could be because of the latest alternative besides bitcoin, so the percentage of turning to another token has its margin, because many of the latest cryptocurenncy and have good quality on the market, such as ethereum (ETH) and bicoin cash (BCH).
the more the number of cryptocoin emerging in the crypto market would be the effect also in the reduction of bitcoin prices .. we see now that there are so many developers that make new cryptocoin, although not all its cryprocoin made in the market or can enter crypto market .. does the number of crypto be one of the effects of declining bitcoin prices?
No, it has nothing to do with it. Among the factors that influence the price of bitcoin is not the creation of new cryptocurrencies. In fact, last year many new cryptocurrencies were created and the price of bitcoin skyrocketed.
the more the number of cryptocoin emerging in the crypto market would be the effect also in the reduction of bitcoin prices .. we see now that there are so many developers that make new cryptocoin, although not all its cryprocoin made in the market or can enter crypto market .. does the number of crypto be one of the effects of declining bitcoin prices?
From economic point of view, emergence of new coins has no negative effect on the price of Bitcoin or altcoins because these altcoins have different economic concepts. The demand for these products and services varies so there is no way it could impact a general effect on the crypto market. However when the price of bitcoin dips or soars the market is affected because bitcoin is the base currency that determines the general movement of other altcoins if all things becomes equal.
the more the number of cryptocoin emerging in the crypto market would be the effect also in the reduction of bitcoin prices .. we see now that there are so many developers that make new cryptocoin, although not all its cryprocoin made in the market or can enter crypto market .. does the number of crypto be one of the effects of declining bitcoin prices?
But many crypto projects fail. and many people have lost their money. Therefore those who have lost money from failure (eg ICO). will return the investment to bitcoin again.
the more the number of cryptocoin emerging in the crypto market would be the effect also in the reduction of bitcoin prices .. we see now that there are so many developers that make new cryptocoin, although not all its cryprocoin made in the market or can enter crypto market .. does the number of crypto be one of the effects of declining bitcoin prices?
Well it can also raise BTC prices, if bitcoin remains stable it means slowly more money will go into altcoins, then as altcoin prices rise and people liquidate their positions that money flows back into Bitcoin, raising the prices of BTC and alts go down again.
It's easy to see that the dominance of btc has gradually reduced because of new altcoins and there is a strong possibility that the situation will improve in the long term. However, King is always King. The more altcoins list in CMC, the more precious bitcoin will be. Bitcoin has been known as a store of value rather than means of payment over every altcoin in more than 10 years without doubt and it's reasonable to confirm that altcoins are absolutely not a strong hedge against Btc. Much risks remain in altcoins, much of the probable awards expendable by Btc.
No need to worry all about those new crypto coin that being introduce in the market, it is only a part of cryptocurrency business that contributes the total growth of operations including the popularity of bitcoin, because those newly born coin are under the supervision of bitcoin, because those newly born coin could not become a real paper money without the power of bitcoin. What I mean is, those newly born coin can be convertible into real money with the power of bitcoin.
the more the number of cryptocoin emerging in the crypto market would be the effect also in the reduction of bitcoin prices .. we see now that there are so many developers that make new cryptocoin, although not all its cryprocoin made in the market or can enter crypto market .. does the number of crypto be one of the effects of declining bitcoin prices?
I believe when more coins emerge into the crypto market the total amount of volume still remain but will be lessen for most of the coins. Investors will look at diversifying their investment rather than just holding onto one or two coins waiting for them to rise. Unless new funds are injected into the market then there will be a posibility that btc price will remain.
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